Oregon gets pay-per-mile car insurance

| Print |  Email
Must Reads
Friday, December 07, 2012

California technology company MetroMile debuted an insurance product in Oregon that charges drivers based on the number of miles driven each month.

MetroMile is targeting low-mileage drivers who may commute primarily by bicycle or mass transit. The Redwood City, Calif., company, which has raised more than $4 million in venture funding, contends that its per-mile payment system will save lower-mileage drivers between 20 percent and 50 percent on their insurance costs compared to equal or better insurance products.

The company issues drivers a proprietary device called the Metronome that plugs into their car to extract real-time driving data. Drivers would pay “a few cents per mile” plus an additional base rate monthly for full insurance coverage, the company said in a news release.

Read more at Sustainable Business Oregon.

{biztweet}metromile{/biztweet}

 

More Articles

A legislative preview — and celebration

News
Friday, January 23, 2015
012315-speaker-thumbBY LINDA BAKER | OB EDITOR

The Northwest Environmental Business Council previews the 2015 legislative agenda as Hatch Oregon celebrates Oregon's new community crowdfunding rules.


Read more...

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Political theater

News
Wednesday, January 07, 2015
0107-orbizplansum14-thumbBY LINDA BAKER | OB EDITOR

The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.


Read more...

Playoffs pay off for the Ducks

The Latest
Friday, January 02, 2015
oregon-ducks-logo-helmet-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.


Read more...

Corner Office: Steve Tatone

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits about the president and CEO of AKT Group.


Read more...

Convention Wisdom

February 2015
Monday, January 26, 2015
BY KIM MOORE

After more than a decade of wrangling, construction on a convention center hotel in Portland is slated to start this summer. But debate over project financing continues.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS